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Global Trade Alert

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India: Customs duty changes on the imports of certain goods as part of the 2023-2024 budget

Description

On 1 February 2023, the Indian Ministry of Finance through Notification No. 02/2023-Customs provided a tax advantage to the production of diamonds by reducing the customs duty on the seeds used in the...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Feb 2023

Revocation date

31 Jan 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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